Aalberts slides after slower order book growth to end-April

Aalberts

24/05/2023 09:54

** Shares in Aalberts  AALB.AS  fall around 7% after the
Dutch industrial engineering company posted slower order book
growth to the end of April
    ** Aalberts said its order book was 4% higher than last year
at the end of April, compared to 51% growth reported a year
earlier
    ** ING analyst Tijs Hollestelle points to the limited growth
of Aalberts's order book as the main reason for the share
decline
    ** However, Hollestelle highlights the order book number
contains only semiconductor business and not the whole of
Aalberts's operations
    ** He adds one of the triggers for the negative share
reaction is the fact that Aalberts provided very little
information in Wednesday's trading update, making people "guess"
and "make up their minds on what's really going on"
    ** Aalberts is among worst performers on the pan-European
STOXX 600 index  .STOXX 

 (Reporting by Laura Lenkiewicz)
 ((Laura.lenkiewicz@thomsonreuters.com))